In the last day, Litecoin has been undergoing a sideways trade. It started selling at $139.03 against the current price of $134.77 as calculated by Kraken.
A bullish accumulation pattern began the day (A), with the 7 day MA above the 21-day MA that indicated a bullish signal. This showed that the market is exhibiting a strong buying pressure as reflected by the RSI X that is seen above level 70 indicating an overbought market.
The price momentum was able to rice due to the assistance from a bullish regular divergence
This post is an exerpt of an original post published on ZYCrypto. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.